我们决定将这篇报告作为我们“美国不是例外”系列报告的收官作，因为此时此刻市场预期已经从“美国例外论”完全转向了另外一个极端，这个系列的报告也完成了它的初衷和使命。 当市场都聚焦于特朗普政策预期变化会带来怎么样的经济和市场影响时（特朗普的态度常常在日内就发生变化），我们选择避开这种胜率不高的推测，在报告里分析了美国低息债务到期高峰将可能带来不小的风险。我们得到了“少了流动性支撑和ONRRP‘保护垫’...
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